Dec 26, 2012 5:00am EST
events may have, of course, pushed consumers to spend less this season including hurricane sandy and concerns about how tax hikes from the fiscal cliff could impact their wallets. joining us for more on the numbers is michael mcnamara of mastercard advisers. great to have you with us. many analysts, retailers had high hopes for the season. i think it's looking weaker than expected. of course we had hurricane sandy and we're dealing with the fiscal cliff, as well. what do you think the big driver was of these slower growth numbers? >> well, good morning. yes, you hit on two of the big ones. really the season tripped coming out of the starting gate with hurricane sandy. the impact in the northeast and mid-atlantic, both those regions of the country actually had negative holiday seasons for the holiday-related sectors that we track. other areas of the country that were not impacted by significant weather in the southeast, south central, mountain and west, were up 2% to 4% year over year. so really depended on where you were in the country, how but during the holiday season. >> okay.
Dec 31, 2012 4:00am EST
happened at sandy hook elementary does not happen again. ultimately, the way this is going to happen is because the american people say, that's right. we are willing to make different choices for the country and we support those in congress who are willing to take those actions. and will there be resistance? absolutely, there will be resistance. and the question then becomes whether we are actually shook up enough by what happened here, that it does not just become another routine episodes where it gets a lot of attention for a couple of weeks and then it drifts away. it certainly won't feel like that to me. this is something that -- you know, that was the worst day of my presidency and it's not something that i want to see repeated. >> let me ask you about a couple of foreign policy notes. after the attack in benghazi, is there a need for more accountability this doesn't happen again and do you know who was behind the attack at this point? >> two points. number one, i think tom pickrick and mike mullen who headed up the review board did a very thorough job in identifying what were s
Jan 2, 2013 4:00am EST
as house republican leader let congress adjourn without voting on aid for hurricane sandy victims. the senate approved a $60 billion measure last week to help with recovery. the house appropriations committee had drafted a smaller $27 billion aid package but no vote is scheduled. new york republicans and democrats are calling the decision indefensible. >>> the u.s. coast guard says there are no signs a shell oil rig that ran aground off the coast of alaska is leaking fuel. the rig encountered trouble on monday during a severe storm. it's carrying 150,000 gallons of diesel and 12,000 gallons of lube oil and hydraulic fluid. once weather permits the plan is to get marine experts aboard to inspect the rig and come up with a salvage plan. the stock in the u.k. up 1/3 of 8%. >>> the u.s. journal indicating a key indicator of sales are expected to top $15 million according to firm polk. last year's sales are on track to hit $14.4 million. pickup trucks were back in vogue in 2013 as g.m., ford, and toyota all launched new vehicles or refresh existing models. >>> as you see, the dollar do